Monte Paschi shareholders approve 5 billion-euro capital increase
MILAN (Reuters) – Shareholders in Italian lender Banca Monte dei Paschi di Siena approved on Wednesday a proposal to boost the size of a planned share sale to 5 billion euros ($6.9 billion) to help it absorb a hit on its finances it expects from a Euro…
Russia’s Putin says to invest $55 billion in exploration, pipeline construction to China
SHANGHAI (Reuters) – Russia will invest $55 billion in gas exploration and pipeline construction to China, while Beijing will give roughly $20 bln to Moscow as part of the 30-year gas supply agreement, President Vladimir Putin said on Wednesday.
Airbus says no forced redundancies in Germany until end 2016
BERLIN (Reuters) – European aerospace and defense group Airbus has agreed with labor representatives to avoid forced redundancies in Germany until the end of 2016, it said on Wednesday.
Barclays denies has decided to end Premier League backing
LONDON (Reuters) – Barclays dismissed reports that it had would drop its sponsorship of the English Premier League as premature, the bank noting that the 120 million pound ($202 million) contract has another two years to run.
Peugeot to review Mitsubishi electric-vehicle partnership
PARIS (Reuters) – PSA Peugeot Citroen Chief Executive Carlos Tavares said the carmaker will decide in the next 12 months whether to continue working on electric vehicles with Mitsubishi Motors .
Stocks flounder in Wall Street’s wake, yen rises on BOJ optimism
LONDON (Reuters) – European stocks were under pressure on Wednesday, spooked by overnight falls on Wall Street, and the dollar fell against the yen as the Bank of Japan suggested the world’s third largest economy needed no additional stimulus for now.
Exclusive: Target Canada’s supply chain gridlock: how Barbie SUVs snarled traffic
TORONTO (Reuters) – A pink Barbie-branded SUV that seats two toddlers offers a surprising glimpse into the myriad problems that jammed up Target Corp’s supply chain when it set up shop in Canada, and the challenge facing Target’s new Canadian head.
Critics of supersized CEO pay face uphill fight at McDonald’s
LOS ANGELES/BOSTON (Reuters) – The next big showdown in the running battle over U.S. executive pay is shaping up to be the annual meeting of McDonald’s Corp on Thursday, but critics may have a tough time replicating their victory last week at Chipotle …
Exclusive: Goldman puts Metro metals warehousing unit up for sale
NEW YORK (Reuters) – Goldman Sachs has begun a formal process to sell the metals warehousing business it purchased four years ago, a spokesman said on Tuesday, disclosing the first definitive effort to shed the operation amid regulatory and political p…
Citigroup aims to ramp up U.S. mortgage lending
NEW YORK (Reuters) – Citigroup Inc is looking to increase its market share in the U.S. mortgage market by buying home loans from other lenders, a top executive said on Tuesday.
